A stock will pay a dividend of 1.00 per share one year from now. Dividends are expected
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Question:
A stock will pay a dividend of 1.00 per share one year from now. Dividends are expected to double every year for the next nine years and then remain level forever.
Find the present value of all future dividends using an effective annual interest rate of 25%.
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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